Dow Jones 30 Industrials DJI Investment Analysis and Advice

This post was originally published on this site

Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 30079.62 target 31899.40 stop loss @ 29992.75 Details
  • The technical summary data tells us to buy DJI near 30079.62 with an upside target of 31899.40. This data also tells us to set a stop loss @ 29992.75 to protect against excessive loss in case the stock begins to move against the trade. 30079.62 is the first level of support below 31318.4 , and by rule, any test of support is a buy signal. In this case, support 30079.62 would be being tested, so a buy signal would exist.

  • Short DJI under 31899.40, target 30079.62, stop loss @ 31991.53 Details
  • The technical summary data is suggesting a short of DJI as it gets near 31899.40 with a downside target of 30079.62. We should have a stop loss in place at 31991.53though. 31899.40 is the first level of resistance above 31318.4, and by rule, any test of resistance is a short signal. In this case, if resistance 31899.40 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 31697.53, target 31899.40, Stop Loss @ 31605.99 Details
  • If 31697.53 begins to break higher, the technical summary data tells us to buy DJI just over 31697.53, with an upside target of 31899.40. The data also tells us to set a stop loss @ 31605.99 in case the stock turns against the trade. 31697.53 is the first level of resistance above 31318.4, and by rule, any break above resistance is a buy signal. In this case, 31697.53, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DJI near 31697.53, target 31150.20, Stop Loss @ 31789.07. Details
  • The technical summary data is suggesting a short of DJI if it tests 31697.53 with a downside target of 31150.20. We should have a stop loss in place at 31789.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 31697.53, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DJI
  • Buy DJI over 31419.69, target 31697.53, Stop Loss @ 31346.39 Details
  • If 31419.69 begins to break higher, the technical summary data tells us to buy DJI just over 31419.69, with an upside target of 31697.53. The data also tells us to set a stop loss @ 31346.39 in case the stock turns against the trade. 31419.69 is the first level of resistance above 31318.4, and by rule, any break above resistance is a buy signal. In this case, 31419.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DJI near 31419.69, target 31150.20, Stop Loss @ 31492.99. Details
  • The technical summary data is suggesting a short of DJI if it tests 31419.69 with a downside target of 31150.20. We should have a stop loss in place at 31492.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 31419.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DJI Ratings for September 03:

Term → Near Mid Long
Rating Weak Weak Weak
P1 0 0 30079.62
P2 31021.06 31150.20 31899.40
P3 31419.69 31697.53 33556.43

Get Notified When our Ratings Change: Take a Trial

Prudent Investment Analysis requires observations of the support and resistance levels for Dow Jones 30 Industrials (NYSE: DJI) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DJI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DJI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Evitar Corte monitors the FOMC for Market Crash signals:

Fundamental Charts for DJI: